What is Form NAT 75073?
The Downsizer contribution into superannuation form, Form NAT 75073, is designed for reporting contributions made to your super fund from the sale of your primary home. This form is crucial as it helps your superannuation fund confirm that your contribution qualifies under the rules, such as being submitted within 90 days of receiving sale proceeds and not surpassing $300,000. Completing and filing this form ensures that your contribution is officially acknowledged as a downsizer contribution, potentially boosting your superannuation savings.
What is Form NAT 75073 used for?
Form NAT 75073 is important for managing your superannuation. Here's what it is used for:
- Notification: Tells your super fund about your downsizer contribution.
- Eligibility: Confirms you qualify for the contribution.
- Documentation: Includes details like the amount and source of funds.
- Compliance: Ensures your contribution meets ATO rules within the 90-day time frame.
How to fill out Form NAT 75073?
- 1
Check if your super fund accepts downsizer contributions.
- 2
Complete the Downsizer contribution into super form (NAT 75073) before or at the time of making your contribution.
- 3
Provide a separate form for each contribution if making multiple contributions to different super funds.
- 4
Ensure all contributions are made within 90 days of receiving the proceeds from the sale, or with an approved extension of time.
- 5
Confirm you meet all eligibility requirements, such as age (55 or older), ownership (10 years), and location (Australia).
Who is required to fill out Form NAT 75073?
Individuals selling their home and wishing to contribute to their superannuation fund must complete Form NAT 75073.
After filling out the form, individuals submit it to their super fund(s) along with their contribution for verification and compliance with ATO regulations.
When is Form NAT 75073 not required?
You don’t need to provide Form NAT 75073 if you previously made a downsizer contribution from selling another home or part of your home. Additionally, if only one spouse owned the home sold, the non-owner spouse may not need the form, as long as they meet all other requirements.
When is Form NAT 75073 due?
The deadline for Form NAT 75073 is 90 days after you receive the proceeds from the sale of your home, typically at settlement. If you need extra time, request an extension within those 90 days. Ensure you submit the form before or at the time you make your contribution to your super fund.
How to get a blank Form NAT 75073?
To get a blank Form NAT 75073, simply visit our platform, where the Australian Taxation Office issues this form. You’ll find the form pre-loaded in our editor, ready for you to fill out. Remember, PDF Guru helps with filling and downloading but not filing forms.
How to sign Form NAT 75073 online?
To sign the Downsizer contribution into superannuation form (NAT 75073), you can choose between a handwritten signature or an electronic signature, depending on your super fund’s capabilities. Make sure your signature confirms that you meet all eligibility requirements. Remember to check for the latest updates regarding this form before proceeding. Use PDF Guru to fill out and download your completed form, but note that submission is not supported through our platform.
Where to file Form NAT 75073?
To submit the Downsizer contribution into superannuation form (NAT 75073), send it to your super fund by mail or deliver it directly.
Remember to provide the form before or at the time of making your contribution, as online submission through the ATO is not available.
